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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 31, 1974
Page
4
New York AP reports the 1975 housing outlook is bright as credit improves and thrift funds flow back after disintermediation. with high rates easing, mortgage lending should rise, possibly boosting housing starts after 1974's drop. lingering risk is stagnating disposable income potentially delaying a further upswing.
Time magazine selects Saudi Arabia's King Faisal as Man of the Year for 1974, noting his growing power to influence global oil prices and his symbolic leadership among oil potentates. The Jan 6 cover story states he now holds more influence than any other world leader.
The sister of actor Marlon Brando says she will not surrender her share of a 40 acre Mindelein Illinois farm despite Brando's plan to donate all his U S land holdings to American Indians. She calls the land “the family homestead” and insists they are not giving it away. Brando has long supported Indian causes and refused the 1972 Academy Award over film portrayals.
Charlotte AP. Maurice Winger Jr president of the North Carolina Textile Manufacturers Association says the industry could stabilize by the second quarter of 1975 as inventory controls improve. He notes layoffs shorter work weeks and plant closings as part of restructuring. Morton H. Darman of Top Co. Boston shares optimism for a pickup in the second half of 1975 and praises textile trade agreements. The industry employs over two million in the U S textile apparel sector and will rely on continued U S government enforcement of trade pacts.
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